To raise cash Astra will sell off some of its stock

Short of cash, Astra officials have now decided to sell about $65 million worth of the company’s existing stock.

In a filing with the U.S. Securities and Exchange Commission published after the markets closed, Astra said it had signed a sales agreement with Roth Capital Partners under which it will sell up to $65 million of its stock in an “at-the-market” offering, where shares are sold at the going market rate.

Net proceeds from the stock sale, the company said, would go towards working capital and general corporate purposes. That includes development of its next-generation launch vehicle, Rocket 4, as well as continued production of its Astra Spacecraft Engine electric thrusters.

The stock sale comes as the company was running low on cash. Astra reported having $62.7 million in cash as of the end of the first quarter, with a net loss of $44.9 million. The company reported no revenue in the first quarter.

The $65 million figure is based on the present value of the stock. If the market price drops, a good possibility, the company will raise less.

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Voyager Space’s space station will use India’s manned capsule as ferry

Voyager Space, which is one of three consortiums building private space stations for NASA, has now signed a deal with India to begin work that would make possible using India’s Gaganyaan manned capsule as a ferry to Voyager’s Starlab space station.

Gaganyaan is presently under development. India hopes it will fly its first manned mission by 2025. Meanwhile, this international deal is not the first for Voyager. It has also signed launch contracts with India to use its two smaller rockets to launch payloads, as well as signed a development deal with Europe’s Airbus.

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NASA gives up on finding a new asteroid target for Janus

Without funding for its own launch vehicle, and unable to find a new asteroid target that can be reached by any future planned NASA launch, NASA has decided to shelf the Janus asteroid mission, putting the spacecraft into storage.

Designed to send twin small satellite spacecraft to study two separate binary asteroid systems, Janus was originally a ride-along on the Psyche mission’s scheduled 2022 launch. Psyche’s new October 2023 launch period, however, cannot deliver the two spacecraft to the mission’s original targets, and Janus was subsequently removed from the manifest.

The spacecraft will remain in storage, and might be revived at some point in the future, should another mission’s launch allow it to reach some other asteroid.

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NASA awards new spacesuit contracts

NASA yesterday issued two relatively small spacesuit contracts to the two companies it already has hired to develop different spacesuits, one for the Moon (Axiom) and the other for orbital spacewalks (Collins).

The new contract awards provides each company $5 million to begin design work for adapting their suits for the other tasks, with the goal aimed at having two different suits for Moonwalks and spacewalks, from two different companies. For the companies, having suits that work both in orbit and the Moon will enhance their product. For Axiom, it will also allow it to develop its own suit it can use on its own space station.

The original contracts awarded Axiom $228.5 million for its Moonsuit, and Collins $97.2 million for a new orbital suit. NASA has previously spent about a billion dollars and fourteen years trying to build its own new orbital spacesuit, and had failed to create anything.

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July 10, 2023 Quick space links

Courtesy of BtB’s stringer Jay.

  • DARPA’s Blackjack smallsat test constellation reduced from 20 to 4 satellites
  • The project, started in 2017, was to prove smallsat could provide the military what it needed faster and cheaper. It appears DARPA has concluded, after launching four satellites, that such a technology test program was no longer needed. Commercial space has proved the point, hands down, far faster than the government.

 

 

Your host is under the weather today, so no political column. Hopefully I’ll feel better later tonight or tomorrow.

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The inconceivable scale of Mars’ canyons

Overview map

Today’s cool image takes us to one of Mars’ biggest canyon systems that while linked to Valles Marineris, the biggest Martian canyon of them all, is considered a separate canyon system because it is made up of a labyrinth of criss-crossing canyons instead of a single major canyon line.

In fact, its name is Noctis Labyrinthus, as shown on the overview map to the right. In many ways its complex pattern is reminiscent of the chaos terrain seen mostly in Mars’ mid-latitudes, but there are major differences. The rectangle marks the area we shall zoom into below to show these differences as well as to feebly illustrate the grand scale of these canyons.

First, the formation of these canyons is closely linked to the volcanic events that formed the three giant volcanoes to the west. They are also strongly linked (in ways not yet fully understood) with the suspected catastrophic floods that drained from Noctis, through Valles Marineris, and out into the northern lowland plains to the east, eons ago when this dry equatorial region could have been wet.
» Read more

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New Australian government cancels $1.2 billion program to launch four government satellites

The new Australian Labor government has canceled a $1.2 billion program funded by the previous government to pay for four satellites to provide both civilian and military data from orbit.

The cut will primarily affect the NSMEO program, which was to have four satellites launched between 2028 and 2033 to give Australia a new stream of information from space. While the goal was primarily for civil use, maritime situational awareness data — crucial for keeping an eye on Australia’s sovereign waters — was also part of the project. Also, the weather and earth observation capabilities would have had clear military applications.

Instead the new government has decided to continue the previous policy of using the space capabilities of “its international partners.”

It is unclear whether this decision is good or bad. If the money was to be spent buying these satellites from new Australian satellite companies, it could have helped jump start that nation’s satellite industry. If the plan had instead been to have the government design and build the satellites, then it likely would have merely been a government jobs program that would have cost a lot and accomplished little. In the latter case the new government would thus be shutting down a wasteful program. In the former it prevents a new private industry from forming.

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Orbex to expand facilities in Scotland and Denmark

The British rocket startup Orbex today announced that it is expanding its factory and office space in its facilities in Scotland and Denmark, the former at its facility it leases at the new spaceport in Sutherland.

The company is adding an extra 1,500 square metres of factory and office space to its existing 4,750 square metre estate in Forres, Scotland and Copenhagen, Denmark. The additional space will increase the company’s launch vehicle production and propulsion system manufacturing capacity and add an extra software laboratory and an avionics clean room space with ISO 8 and ISO 9 sections. The additional capacity in Forres is just 3km from its test site at Kinloss, allowing for quick turnaround between the two sites, as Orbex ramps up its testing in the countdown to launch.

The press release doesn’t give any information about the expansion in Denmark. I wonder if it is occurring as a hedge against the kind of bureaucratic delays in the UK that destroyed Virgin Orbit. Orbex’s Prime rocket is presently under construction in Scotland, with its first launch planned for this year out of Sutherland. Whether it can get a launch permit promptly is doubtful, based on the fifteen months it took Britain’s Civil Aviation Authority (CAA) to approve Virgin Orbit. Orbex applied for the launch license in February 2022 (seventeen months ago) and so far there is no word from CAA about its approval.

Other Scandinavian spaceports are under construction in Sweden and Norway, which suggests establishing facilities in Denmark could strengthen Orbex’s ties to these new spaceports, especially in Sweden as both Sweden and Denmark are members of the European Union. Norway meanwhile as strong trades ties to the EU. Orbex has also signed a deal with Arianespace to launch ESA payloads, and it could be those launches could occur in French Guiana.

It seems wise if Orbex prepares for launch problems in the UK. Today’s announcement could be signalling that preparation.

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ISRO to transfer ownership of its smallsat SSLV rocket to a private company

India’s space agency ISRO has now announced that it is planning to transfer full ownership of its new smallsat SSLV rocket to a private company, with that transfer conducted through open bidding.

The Indian Space Research Organisation (ISRO) will soon transfer its Small Satellite Launch Vehicle (SSLV) to the private sector, after conducting two development flights of the rocket that seeks to provide on-demand services to put satellites weighing up to 500 kg in a low-earth orbit. The space agency has decided to opt for the bidding route to transfer the mini-rocket to the industry, a senior official said. “We will be transferring the SSLV completely to the private sector. Not just the manufacturing, but full transfer,” the official said.

The article does not provide a source, so this story is at present unconfirmed. It does fit with the overall policy of the Modi government, but it also clashes with the power structure in India’s vast bureaucracy that is resisting that policy. It is very possible that the story has been leaked as part of that struggle, likely by bureaucracy to gin up opposition prior to the transfer being implemented.

Up to now under the Modi government’s efforts to force ISRO to give up power, the assets of ISRO that have been used to generate commercial profits — such as its rockets — have generally been transferred to a new separate bureaucracy created by ISRO dubbed NSIL. NSIL supposed to operate like a private company, but it is wholly owned by the government, and is thus structured to retain control within that government.

If this news story is correct, the Modi government is about to bypass NSIL and force ISRO to sell off SSLV. If so this is excellent news, though the devil will certainly be hidden in the final details of the sale.

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SpaceX launches 22 Starlink satellites using a first stage for 16th time

SpaceX tonight successfully launched 22 Starlink satellites, its Falcon 9 rocket lifting off from Cape Canaveral using a first stage for a record sixteenth time, all achieved with a period of just over three years.

The stage successfully landed on its drone ship in the Atlantic. In addition, the two fairing halves each successfully completed its ninth flight.

In those three years this one first stage flew almost as many times as all of the launches of Russia (24), ULA (20), and Europe (20). Somehow, with those sixteen launches I think SpaceX has fully gotten its full value for what it spent building and refurbishing that stage.

To understand how routine SpaceX has made all this, when that first stage landed tonight there were no cheers at SpaceX, at all. There was just routine silence, as the launch crew proceeded with what has become an entirely routine procedure.

The leaders in the 2023 launch race:

46 SpaceX
25 China
9 Russia
5 Rocket Lab

American private enterprise still leads China in launches 52 to 25, and the entire world combined 52 to 43, with SpaceX by itself leading the rest of the world, excluding American companies, 46 to 43.

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China launches classified technology test satellite

According to China’s state-run press, it used its Long March 2C rocket to launch a satellite to test “internet technologies” today, lifting off from its interior Jiuquan spaceport in the northwest of China.

This is all that press told us. Nor did it say where the rocket’s first stage crashed in China, whether it used parachutes to control its descent, or whether it came down uncontrolled near habitable territories.

The leaders in the 2023 launch race:

45 SpaceX (with a planned Starlink launch tonight)
25 China
9 Russia
5 Rocket Lab

American private enterprise still leads China in launches 51 to 25, and the entire world combined 51 to 43, with SpaceX by itself leading the rest of the world, excluding American companies, 45 to 43.

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